Texas Instruments Incorporated to Issue Quarterly Dividend of $1.36 (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXN) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders of record on Friday, January 31st will be paid a dividend of 1.36 per share by the semiconductor company on Tuesday, February 11th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.90%.

Texas Instruments has raised its dividend payment by an average of 7.7% annually over the last three years and has raised its dividend annually for the last 21 consecutive years. Texas Instruments has a dividend payout ratio of 74.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Texas Instruments to earn $5.72 per share next year, which means the company should continue to be able to cover its $5.44 annual dividend with an expected future payout ratio of 95.1%.

Texas Instruments Trading Down 5.1 %

NASDAQ:TXN traded down $10.14 during trading hours on Thursday, reaching $187.37. The company’s stock had a trading volume of 7,457,979 shares, compared to its average volume of 5,303,021. The firm has a 50-day simple moving average of $195.95 and a 200-day simple moving average of $199.74. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments has a 1 year low of $155.46 and a 1 year high of $220.38. The firm has a market capitalization of $170.92 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 3.69 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the company earned $1.80 EPS. Texas Instruments’s revenue for the quarter was down 8.4% compared to the same quarter last year. Research analysts expect that Texas Instruments will post 5.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. The trade was a 32.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Bank of America lowered their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Morgan Stanley upped their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Susquehanna lowered their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Finally, Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $209.71.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.